SBI merged with its 4 associate banks and the Bharatiya Mahila Bank - So create one of the top 50 banks in the world

Posted on:01 Apr 2017 18:17:23
SBI merged with its 4 associate banks and the Bharatiya Mahila Bank - So create one of the top 50 banks in the world
01 April 2017 Current Affairs: SBI (State Bank of India) has merged its operations five its four associate banks - State Bank of Hyderabad, State Bank of Travancore, State Bank of Patiala, State Bank of Mysore, and State Bank of Bikaner and Jaipur. It has also merged its operations with the Bharatiya Mahila Bank.

With this merger, the bank will join the league of top 50 banks globally in terms of assets.

The merged behemoth will have an asset base of about Rs 37 lakh crore, 22,500 branches, 58,000 ATMs, and 50 crore customers.

About SBI:- State Bank of India is an Indian multinational, public sector banking and financial services company.

Headquarters: Mumbai

Founded: 1 July 1955

Taglines: The Nation banks on us; Pure Banking Nothing Else; With you all the way.

Chairman: Mrs. Arundhati Bhattacharya

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